Anadarko Petroleum Corporation (NYSE:APC) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Friday.

Other equities research analysts have also issued reports about the company. BidaskClub lowered Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Mitsubishi UFJ Financial Group raised Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and set a $78.00 price objective (down from $80.00) on shares of Anadarko Petroleum Corporation in a research note on Tuesday, July 25th. Scotiabank reissued a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Wednesday, November 1st. Finally, UBS AG raised Anadarko Petroleum Corporation from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Anadarko Petroleum Corporation presently has an average rating of “Buy” and a consensus target price of $66.77.

Anadarko Petroleum Corporation (NYSE APC) opened at $47.50 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.03 and a quick ratio of 2.03. Anadarko Petroleum Corporation has a one year low of $39.96 and a one year high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.21). The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. Anadarko Petroleum Corporation had a negative net margin of 17.13% and a negative return on equity of 9.82%. The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.89) earnings per share. research analysts predict that Anadarko Petroleum Corporation will post -2.23 earnings per share for the current fiscal year.

Anadarko Petroleum Corporation declared that its board has authorized a stock buyback plan on Wednesday, September 20th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the oil and gas development company to repurchase up to 10% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Fis Group Inc. bought a new position in Anadarko Petroleum Corporation during the third quarter valued at about $107,000. Stelac Advisory Services LLC bought a new position in Anadarko Petroleum Corporation during the third quarter valued at about $107,000. FNY Partners Fund LP raised its holdings in Anadarko Petroleum Corporation by 2,900.0% during the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after buying an additional 2,900 shares in the last quarter. Sun Life Financial INC raised its holdings in Anadarko Petroleum Corporation by 1,363.4% during the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after buying an additional 2,795 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC raised its holdings in Anadarko Petroleum Corporation by 12.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock valued at $166,000 after buying an additional 402 shares in the last quarter. Institutional investors own 87.41% of the company’s stock.

Anadarko Petroleum Corporation Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

Analyst Recommendations for Anadarko Petroleum Corporation (NYSE:APC)

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